]]>Zitamar Daily Briefing, 2 July 2018https://zitamar.com/zitamar-daily-briefing-2-july-2018/
https://zitamar.com/zitamar-daily-briefing-2-july-2018/#respondMon, 16 Jul 2018 07:00:09 +0000https://zitamar.com/?p=8299Welcome to Zitamar’s daily Mozambique briefing for 2 July, 2018. Agenda Today: President Nyusi ends his visit to Cabo Delgado The latest from Zitamar News: Nyusi promises 5,000 local jobs on Mozambique LNG projects President calls for patience on projects which will not start until next decade; and for population’s cooperation in the fight against [...]

Nyusi visits troops in Cabo Delgado (O País)Mozambican president Filipe Nyusi visited two Mozambican military positions on Saturday in the Mocímboa da Praia district of Cabo Delgado province, where the initial insurgent raid took place on 5 October, 2017. Nyusi met with members of the military and community leaders and called for civilians to assist security forces in locating the insurgents.This is Nyusi’s first trip to the conflict zone since attacks began eight months ago. Though Nyusi would surely rather the country focus on his work to secure peace with Renamo, his visit is a reflection of the level of concern in Mozambique over the situation in Nyusi’s home province.

Sasol tender suspended in ‘sign of tension’ with government (Rádio Moçambique, O País)Mozambique’s Ministry of Mineral Resources and Energy (MIREME) has suspended a tender launched on 8 June by South African energy company Sasol for the transport of 3,000 barrels of light crude oil per day from the company’s oil wells in Inhassoro, Inhambane province. MIREME claims that Sasol violated Mozambican law by prioritizing bids by foreign companies for the contract. Energy minister Max Tonela said local communities are not feeling the benefit of Sasol’s projects in Inhambane, and said he has recently expressed his dissatisfaction to the heads of the company.This is a story to watch; it seems the government is losing patience with Sasol, which has been in the country for 14 years. How the situation develops could provide lessons for oil companies who are just now coming into Mozambique.

Mocuba solar plant to be online by March 2019 (Notícias)The Mocuba solar electricity plant, located in Zambézia province, is expected to begin operation by the end of March, 2019, according to Electricidade de Mozambique board chairman Mateus Magala, who made the announcement at a groundbreaking ceremony for the plant yesterday.

Corruption questions surround HCB IPO (CanalMoz)CanalMoz notes today that Banco de Investimento Global (BIG) board chairman and former Mozambican energy minister Salvador Namburete played a key role in Mozambique buying Hidroeléctrica de Cahora Bassa (HCB) during his time in government. Along with Mozambican banking giant BCI, BIG recently won the lucrative right to handle HCB’s impending initial public offering on the Mozambican Stock Exchange, creating what CanalMoz termed “questions from an ethical point of view.”
Canal is quick to note, however, that Namburete is sticking to the letter of the law, having waited the two years required between working in government (which he left in 2014, the same year BIG won its license to operate in Mozambique) and taking a job at BIG (which he started in March 2016).

]]>https://zitamar.com/zitamar-daily-briefing-2-july-2018/feed/0Floating power plant anchors northern grid as solar projects dawnhttps://zitamar.com/floating-power-plant-anchors-northern-grid-solar-projects-dawn/
Tue, 08 May 2018 08:13:52 +0000https://zitamar.com/?p=7813The Karpower floating power ship in the bay of Nacala, which ended its two-year contract to supply power to Zambia in February, is now supplying electricity to Mozambique’s northern grid, and is set to play a balancing role when planned renewable energy projects come online. Carlos Yum, head of operations at Mozambique’s public electricity utility [...]

]]>Mozambique solar plant pioneer closes marathon finance dealhttps://zitamar.com/mozambique-solar-plant-pioneer-closes-marathon-finance-deal/
Wed, 14 Mar 2018 10:00:59 +0000https://zitamar.com/?p=7331Norwegian renewable energy producer Scatec Solar reached financial close on its 40 MW Mocuba solar project last week, the first large scale solar plant in Mozambique to do so – having overcome a number of challenges that meant the financing only closed 15 months after the power purchase agreement (PPA) was signed. The $76 million [...]

]]>Sasol and EDM finally tie up Mozambique gas-fired power plant financehttps://zitamar.com/sasol-edm-finally-tie-mozambique-gas-fired-power-plant-finance/
Tue, 23 Jan 2018 11:04:05 +0000https://zitamar.com/?p=7034Gas-fired power project financing suggests Mozambique’s electricity utility is now a credible, if fragile, offtaker The 175 megawatt gas-fired power plant jointly owned by Mozambican electricity utility EDM (51%) and South African energy company Sasol (49%) has finally completed its $189 million project financing, three years after it entered operation. The financing, arranged by South [...]

]]>Mozambique starts work on Maputo gas-fired power plant projecthttps://zitamar.com/mozambique-starts-work-maputo-gas-fired-power-plant-project/
Fri, 18 Nov 2016 13:32:28 +0000http://zitamar.com/?p=4442Mozambique’s new energy minister, Letícia Deusina da Silva Klemens, laid the first stone of a new donor-funded gas-fired power plant being built on the outskirts of the capital, Maputo, on Thursday, 17 November. The Maputo Combined-Cycle Power Plant, or Central Térmica de Maputo (CTM), is being built by a Japanese consortium of Sumitomo and IHI, [...]

]]>Mozambique eyes financial and environmental dividend from solar power debuthttps://zitamar.com/mozambique-eyes-financial-environmental-dividend-solar-power-debut/
Tue, 01 Nov 2016 09:11:41 +0000http://zitamar.com/?p=4217Mozambique electricity utility EDM has signed a 25-year agreement to buy power from a 40 MW solar power plant in the north of the country, to be built by Norwegian company, Scatec Solar. Financial close on the project, located in Mocuba in Zambezia province, is expected in the first quarter of 2017, with the bulk [...]